Analyst: Bitcoin ETF may be approved or make Bitcoin hit a new high
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On October 15, market analyst Mark Cranfield said that after the U.S. Securities and Exchange Commission is ready to approve the listing of the first U.S. Bitcoin futures ETF, Bitcoin may have enough upward momentum to test its record high of nearly $65,000. This would be a milestone in the SEC's recognition of Bitcoin and could spur an increase in Bitcoin futures and spot trading volumes. Open interest and daily volume for existing futures contracts have been rising steadily. |
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